Industry Analysis & Industry Trends
The Hearing Aid Clinics industry has contracted slightly during the past five years as declines in insurance coverage and consumer income combined with rising hearing aid prices. During the next five years, however, the industry is expected to improve, largely due to the implementation of the Patient Protection and Affordable Care Act. In addition, the number of individuals suffering from hearing deficiencies is expected to remain high as a result of the diabetes epidemic, the rising use of mobile music devices and an aging US population.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hearing Aid Clinics industry is in the growth phase of its life cycle. During the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the overall economy is expected to rise at an average annual rate of 4.5%, while US GDP is expected to expand at an average rate of 2.7% per year during the same period.
While industry products and services are widely accepted by downstream consumers, the industry is expected to benefit from a growing customer base. For one, the number of adult aged 65 and older is expected to grow rapidly as the US population continues to age... purchase to read more